Nerdwallet (STU:6OI) ROCE % : 5.18% (As of Mar. 2024)

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What is Nerdwallet ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Nerdwallet's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.18%.

Nerdwallet ROCE % Historical Data

The historical data trend for Nerdwallet's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nerdwallet ROCE % Chart

Nerdwallet Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

24.64

1.11

-14.19

-5.53

1.91

Nerdwallet Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											0.11	-3.62	5.26	5.75	5.18

Nerdwallet ROCE % Calculation

Nerdwallet's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	6.511	/	( ( (401.861 - 68.346)	+	(383.856 - 34.204) )	/ 2 )
	=	6.511	/	( (333.515	+	349.652)	/ 2 )
	=	6.511	/	341.5835
	=	1.91 %

Nerdwallet's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	18.4	/	( ( (383.856 - 34.204)	+	(410.412 - 49.496) )	/ 2 )
	=	18.4	/	( ( 349.652	+	360.916 )	/ 2 )
	=	18.4	/	355.284
	=	5.18 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Nerdwallet (STU:6OI) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Nerdwallet ROCE % Related Terms

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Nerdwallet (STU:6OI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Nerdwallet Inc (STU:6OI) » Definitions » ROCE %

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Traded in Other Exchanges

NRDS:USA

Address

55 Hawthorne Street, 11th Floor, San Francisco, CA, USA, 94105

Website

https://www.nerdwallet.com

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